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Need help with requirements 2, 3, and 4 on this questionplease Root Company produces uniforms. The company allocates manufacturing overhead based on the machine hours
Need help with requirements 2, 3, and 4 on this questionplease
Root Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Root Company reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements Requirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate 201,600 1 7,200 $ 28 per machine hour 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed ? of? 4. How can managers use accounting information to help control manufacturing overhead costs? S Requirement 2. Calculate the allocated manufacturing overhead for the past year. Manufacturing overhead allocated = ( Print Done - X Data table Budget Actual Direct labor hours 7.000 hours 6,400 hours 6.700 hours 7,200 hours $ 21,000 $ 21,000 $ 51,000 $ 52,500 Machine hours... Depreciation on salespeople's autos Indirect materials .... Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment Indirect manufacturing labor Customer service hotline $ 14,000 $ 12.500 $ 71,000 $ 73,500 $ 42,500 $ 43,500 $ 19,000 $ 20,000 $ 37,100 $ 39,100 Calculator Plant utilities.... Direct labor cost.................... $ 70,000 $ 84,500Step by Step Solution
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